7862 Element Avenue
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2023 | Sold | ||
| Sold | |||
| Oct 31, 2022 | Listed by Allie Beth Allman & Assoc. | $1,050,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
| Oct 11, 2022 | No longer available | - | |
| No longer available | |||
| Oct 6, 2022 | Listed by Allie Beth Allman & Assoc. | $1,100,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
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Luxurious contemporary 3-story four bedrooms, three and a half bath, 2,841 square feet home just steps away from Legacy West! The home features elegance with an open floor plan, natural light with floor to ceiling windows, hardwood floors and is perfect for entertaining and family living. Well-appointed kitchen with SS appliances, quartz countertops, double oven and eat-in kitchen island. Spacious master suite with sitting area, balcony, oversized glass-enclosed shower, separate vanities, and a huge walk-in closet. 3rd floor game room opens to a rooftop patio offering amazing outdoor living, & a fireplace. Walking distance to premier dining, shopping, entertainment, corporate offices & more. The manager has listed the unit size as 2841 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017